$177,000
SOLD JUL 31, 2018
-- Bed
-- Bath
1,304 Sq Ft
7,797 Sq Ft Lot

Recently Sold

$136 Per Sq Ft

12% Below List Price

101 Days on Market

Highlights

  • RV or Boat Parking
  • Multiple cooling system units
  • Central Heating
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of March 2021

INVESTMENT OPPORTUNITY MULTI-FAMILY PROPERTY WITH TWO UNITS! NO HOA. Near grocery stores, cafes and restaurants. Near Parks, Mesa Convention Center and Museums.TENANT OCCUPIED! MUST CONTACT LISTER FOR VIEWING APPOINTMENT! DRIVE-BY ONLY.

Last Agent to Sell the Property

Norma Mota

DeLex Realty License #SA566104000 Listed on: 03/12/2018

DeLex Realty

Last Buyer's Agent

Norma Mota

DeLex Realty License #SA566104000 Listed on: 03/12/2018

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $746

Year Built

  • Built in 1948

Home Design

  • Composition Roof
  • Stucco
  • Adobe

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • RV or Boat Parking

Schools

  • Eisenhower Center For Innovation Elementary School
  • Carson Junior High Middle School
  • Pinnacle High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Central Heating

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 11
  • Assessor Parcel Number 138-59-041

Community Details

Overview

  • 2 Units
  • Building Dimensions are 7811
  • Mesa Subdivision

Building Details

  • Operating Expense $1,297
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$746

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: University Drive and Center Street in Mesa, AZ
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RESIDENTIAL
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2017
  • Directions: University Drive turn S on Center St, W on 3rd Place, N to Drew Street. Property on E side of Drew Street.
  • Road Surface Type: Asphalt
  • Subdivision Name: MESA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Adobe
  • Roof: Composition
  • Construction:Adobe: Yes

Garage/Parking

  • Parking Features: RV/Boat Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: Central, 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Eisenhower Center For Innovation
  • High School: Pinnacle High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 7811
  • Additional Parcels: No
  • Parcel #: 138-59-041

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Insurance Expense: 551.0
  • Annual Operating Expense: 1297.0

Tax Info

  • Tax Annual Amount: 746.0
  • Tax Book Number: 138.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Mar 23, 2021
Sold by
Basta Bonnette
Bought by
Equity Trust Co
Seller's Agent
Sarah Mazzone
Synchronicity Realty
Buyer's Agent
Nikki Jackson
Keller Williams Realty Sonoran Living
List Price
$375,000
Sold Price
$402,100
Premium/Discount to List
$27,100
7.23%
Current Estimated Value
$440,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,864
Avg. Annual Appreciation
1.76%

Purchase Details

Listed on
Mar 12, 2018
Closed on
Jul 25, 2018
Sold by
Aguirre Margaret R and The Survivors Trust
Bought by
Basta Bonnette
Seller's Agent
Norma Mota
DeLex Realty
Buyer's Agent
Norma Mota
DeLex Realty
List Price
$200,000
Sold Price
$177,000
Premium/Discount to List
-$23,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.29%
Original Mortgage
$131,034
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2018
Closed on
Jul 23, 2018
Sold by
Basta John P and Basta Bonnette
Bought by
Basta Bonnette
Seller's Agent
Norma Mota
DeLex Realty
Buyer's Agent
Norma Mota
DeLex Realty
List Price
$200,000
Sold Price
$177,000
Premium/Discount to List
-$23,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,034
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Aguirre Dominga R
Bought by
Aguirre Dominga R and Luciano S Aguirre & Dominga R Aguirre Re

Purchase Details

Closed on
Dec 15, 2005
Sold by
Aguirre Luciano S and Aguirre Dominga R
Bought by
Aguirre Luciano S and Aguirre Dominga R

Purchase Details

Closed on
Jun 11, 2004
Sold by
Barraza Adrian and Barraza Lupe
Bought by
Aguirre Luciano S and Aguirre Dominga R

Purchase Details

Closed on
Jun 16, 1998
Sold by
Barraza Adrian and Barraza Lupe
Bought by
Castillo Jose A and Decastillo Gladys S Guzman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.11%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $402,100 United Title Agency
Warranty Deed $174,712 Thomas Title & Escrow
Warranty Deed -- Thomas Title And Escrow Agen
Warranty Deed -- Thomas Title & Escrow
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Cash Sale Deed $113,000 Fidelity National Title
Cash Sale Deed $100,000 Fidelity National Title
Warranty Deed $90,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $131,034 New Conventional
Previous Owner $81,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $402,100 +7.2% $308 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $375,000 +111.9% $288 / Sq Ft
07/31/2018 07/31/18 Sold $177,000 -4.3% $136 / Sq Ft
06/21/2018 06/21/18 Pending -- -- --
06/13/2018 06/13/18 Price Changed $185,000 -2.6% $142 / Sq Ft
05/20/2018 05/20/18 Price Changed $190,000 -5.0% $146 / Sq Ft
05/19/2018 05/19/18 For Sale $200,000 0.0% $153 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/11/2018 04/11/18 Price Changed $200,000 -4.8% $153 / Sq Ft
03/19/2018 03/19/18 For Sale $210,000 0.0% $161 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $210,000 -- $161 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $870 $8,861 -- --
2024 $877 $8,439 -- --
2023 $877 $25,980 $5,190 $20,790
2022 $859 $17,730 $3,540 $14,190
2021 $869 $15,100 $3,020 $12,080
2020 $858 $13,680 $2,730 $10,950
2019 $802 $11,650 $2,330 $9,320
2018 $769 $11,100 $2,220 $8,880
2017 $746 $10,060 $2,010 $8,050
2016 $733 $8,750 $1,750 $7,000
2015 $689 $8,410 $1,680 $6,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5736286

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-59-041